Is Dogecoin the Smartest Crypto Buy Under $1?

Certain investments are tempting simply because of their ultra-low price. This, plus years of viral fame/notoriety, and the enduring support of a gregarious billionaire, are factors keeping Dogecoin (CRYPTO: DOGE) on investors' radars.

Of course, none of these are sufficient reasons for anyone to snap up hundreds, thousands, or even millions of these dirt cheap meme coins. Instead, let's look at whether Dogecoin is fundamentally sound enough to be the most beneficial, long-term crypto investment we can buy for under a buck.

Dogecoin is the leading meme coin, and with a market cap approaching $14.7 billion it's the 10th largest cryptocurrency by that metric. It was launched in 2013, and despite numerous peaks and dips, it's never really come close to hitting $1. Its all-time high was under $0.74, reached the day in 2021 CEO and leading Dogecoin hype man Elon Musk guest-hosted Saturday Night Live.

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Source Fool.com